Only 27 states out of 49 that received a total of $2.5 billion from the mortgage settlement with the top U.S. lenders have actually used the money to assist homeowners or hard hit communities affected by the foreclosure ...

The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, marking the ninth week of 17 this year that rates have not moved, according to creditcards.com The ...

The Federal Reserve has assembled a panel of economists to evaluate the “stress test” models that determine how the largest U.S. banks fare during an economic crisis. The Model Validation Council will provide ...

After a three-year lull, there has been resurgence in short sales – when properties are sold at a loss – indicating that banks are trying to push through inventories of pre-foreclosure properties. There was ...

Citigroup shareholders voted down the bank’s $15 million pay package for its chief executive, Vikram S. Pandit, in a rare instance of opposition to inflated compensation from the very owners of a Wall Street institution. The ...

Citigroup’s performance in the first quarter improved – if an accounting adjustment cost is excluded – while the nation’s third-largest bank registered a big jump in fixed-income trading and improved loan ...

A federal judge’s approval this week of the $25 billion mortgage settlement between the top banks and government officials has given the green light for Joseph Smith to officially begin the work of getting foreclosure ...

The U.S. banking regulator – The Office of the Comptroller of the Currency – has ordered Citigroup’s Citibank subsidiary to stop violating the Bank Secrecy Act and correct lax monitoring of client accounts. The ...

The average borrower facing foreclosure didn’t see eviction for 253 days in February 2008. Four years later, that potentially “rent-free” period for those who stay in their homes is up to 667 days, according ...

Credit card interest rates decline slightly this week after two straight weeks of increases, according to CreditCards.com. The average annual percentage rate (APR) fell to 15 percent, breaking a two-week run of ...